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Government scraps Labor's annuities reforms

The government will not proceed with Labor's plan to grant tax concessions to retirement income derived from deferred lifetime annuities (DLAs).

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Read more: SuperannuationLaborAssistant Treasurer Arthur SinodinosHoward governmentsAustraliaAustralian Taxation OfficeDLA earningsFinancial Services CouncilGillardGovernmentJohn BrogdenRuddRudd/Gillard governmentsSaturdaySenator Sinodinos